You’ll have achieved 80% perfection in the time you take to prepare the second draft. This top sheet will keep a running record of the last action taken and what you have to do next. Make sure you have a telephone number to an actual human being.
Part of being a good entrepreneur is to track the progress of your business periodically. Some people get so obsessed with these statistics and numbers that they often spend hours every night computing and plotting progress. For many businessmen, these metrics serve as a gauge on whether the company is doing well or not. But is tracking the metrics really that important? Isn’t the job of the accountants enough by computing the income generated by the company? Apparently, metrics isn’t just about the income garnered. There are other aspects of tracking involved.
When you hear the word “report” get into the habit of thinking, “Is there another way I could get the client/boss the information they require?” Perhaps a short memo or oral report would have more impact and you could get them the information more quickly. Remember bosses don’t want reports – they want information to help them make decisions.
But the day of the CD is gone. You know, the big record shop now is Amazon. That’s the record shop accountants for the world. And unfortunately, I don’t think there’s going to be a lot of change in the future.
For some, notes scribbled on 3-by-5 index cards are enough, while others need more detail when outlining. Don’t try to memorize your presentation, because even if you don’t sound like a robot on a bad hair day, you’re bound to stumble or skip a portion, and going back to the missed material will be awkward and disjointed.
Terms and Conditions of Payment (Do not assume that the clients /customers know when they need to pay. Tell them in bold writing when they are expected to pay. You can use different wording, but you have to be clear on the credit period. For example, you can say, ‘Payment due 14 days from the date of invoice’, or ‘Payment due on 14/02/2012’. This clause on your invoice is very important if you need to chase payment through the collection agency or the court system).
Invest in the proceeds of your sale wisely, with preliminary planning. Consult a good tax accountant, and wealth manager early, and plan your children’s inheritance, your future wealth, and charitable giving wisely. Like in any good soap opera, long lost cousins, will want you to “invest” in their schemes.
Hey, what we have now doesn’t work and currently won’t work with the people we have in charge. So why not do something that will work and is remarkably simple for everyone to understand.